Global Assets Advisory LLC Purchases New Position in Robinhood Markets, Inc. (NASDAQ:HOOD)

Global Assets Advisory LLC bought a new stake in shares of Robinhood Markets, Inc. (NASDAQ:HOOD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,307 shares of the company's stock, valued at approximately $1,257,000.

Other institutional investors have also recently modified their holdings of the company. Whipplewood Advisors LLC increased its stake in Robinhood Markets by 564.4% in the first quarter. Whipplewood Advisors LLC now owns 598 shares of the company's stock valued at $25,000 after acquiring an additional 508 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in shares of Robinhood Markets by 191.6% in the 4th quarter. CoreCap Advisors LLC now owns 837 shares of the company's stock valued at $31,000 after purchasing an additional 550 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of Robinhood Markets by 750.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 850 shares of the company's stock valued at $32,000 after purchasing an additional 750 shares during the last quarter. Colonial Trust Co SC bought a new position in shares of Robinhood Markets in the 4th quarter valued at $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Robinhood Markets by 139.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 854 shares of the company's stock worth $36,000 after buying an additional 498 shares in the last quarter. 93.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on HOOD shares. Compass Point assumed coverage on Robinhood Markets in a research note on Wednesday, March 19th. They issued a "buy" rating and a $61.00 price objective on the stock. Mizuho raised their target price on shares of Robinhood Markets from $65.00 to $80.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Morgan Stanley boosted their price objective on Robinhood Markets from $40.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 13th. Redburn Atlantic reissued a "sell" rating and issued a $48.00 price objective (up previously from $40.00) on shares of Robinhood Markets in a research note on Monday, June 9th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $60.00 price objective on shares of Robinhood Markets in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $58.00.

Insider Buying and Selling at Robinhood Markets

In related news, Director Baiju Bhatt sold 418,338 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $74.29, for a total value of $31,078,330.02. Following the transaction, the director now owns 7,863 shares of the company's stock, valued at approximately $584,142.27. This trade represents a 98.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Tsvi Pinner sold 5,853 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $34.51, for a total value of $201,987.03. Following the completion of the transaction, the chief technology officer now owns 5,853 shares in the company, valued at $201,987.03. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,380,434 shares of company stock valued at $131,340,572. Company insiders own 14.47% of the company's stock.

Robinhood Markets Stock Up 2.1%

NASDAQ:HOOD traded up $1.77 during trading hours on Thursday, reaching $84.52. The company had a trading volume of 25,151,968 shares, compared to its average volume of 27,921,354. Robinhood Markets, Inc. has a twelve month low of $13.98 and a twelve month high of $85.55. The firm has a market cap of $74.84 billion, a price-to-earnings ratio of 48.02, a P/E/G ratio of 4.84 and a beta of 2.25. The business's 50-day simple moving average is $62.15 and its two-hundred day simple moving average is $50.85.

Robinhood Markets (NASDAQ:HOOD - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). Robinhood Markets had a return on equity of 15.42% and a net margin of 48.77%. The company had revenue of $927.00 million for the quarter, compared to the consensus estimate of $917.12 million. During the same period last year, the company earned $0.18 EPS. Robinhood Markets's revenue for the quarter was up 50.0% compared to the same quarter last year. As a group, equities analysts predict that Robinhood Markets, Inc. will post 1.35 earnings per share for the current year.

Robinhood Markets Profile

Robinhood Markets, Inc operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.